Trichet on the euro and the dollar

In closing remarks at 'The euro and the dollar: pillars in global finance' conference given on 17 April Jean-Claude Trichet of the ECB said a number of indicators point to increasing cross-border banking activities in the euro area, such as the growing cross-border share in the financial holdings of banks and the cross-border mergers and acquisitions.

"I would like to emphasise the fact that cross-border banking is first and foremost a market-driven process. Still, the public sector can play a

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